Indian stock indices closed largely steady on Tuesday, snapping the uptrend they witnessed for the past two sessions.
The recent jump, barring today, helped indices recover some of the recent losses. Indices gained nearly 4 per cent over the past couple of sessions.
Sensex closed at 80,004
Indian equity indices, the BSE Sensex and NSE Nifty50, both ended in the red on Tuesday, due to the losses in banking, Auto, and financial sector stocks.
In a highly volatile trade, Indian stock indices hovered substantially lower from the previous closing, largely due to sustained selling by foreign portfolio investors.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
Indian stock indices closed in red Monday, logging sixth straight session losses, with analysts attributing the fall to a consolidation after the recent bull run.
Stock indices in India continued to march ahead, touching fresh highs for the fifth straight session on Thursday. Sensex almost touched 86,000 at one point today.
Indian stock indices Nifty and Sensex opened flat on Thursday amid selling by Foreign Institutional Investors (FIIs) and buying support from Domestic Institutional Investors (DIIs), keeping the indices in a balanced mode.